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Lender withdraws mortgage pre-approval process
by Charbel Kadib • 7 Nov 2019

A non-major bank has announced that it will no longer accept pre-approval applications from mortgage customers.

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Westpac

Major bank revises HEM calculator for investors

by Charbel Kadib • 7 Nov 2019
The major bank has changed the way in which it determines HEM bands for customers, in a move which it has claimed... READ MORE
Bank of Queensland

BOQ expands third-party team
by Hannah Dowling • 7 Nov 2019
The non-major bank has welcomed two new additions to its broker support team this... READ MORE
Suncorp

Suncorp lowers fixed rates
by Hannah Dowling • 7 Nov 2019
The non-major has lowered fixed rates by up to 40 basis points for residential lending, effective 8... READ MORE
Campbell Smyth

Bluestone replaces suite, breaks into prime
by Annie Kane • 6 Nov 2019
The non-bank lender has replaced its entire product suite with four products and announced its official move into prime... READ MORE
Auswide Bank

Auswide suspends mortgage pre-approvals
by Charbel Kadib • 6 Nov 2019

The non-major has ceased accepting pre-approval applications until further notice.

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Loan Market

Loan market expands lender panel
by Hannah Dowling • 6 Nov 2019
The major brokerage has introduced a new lender to its panel, partnering with a non-major lender to bring its total... READ MORE

Cup-day cash rate revealed
by Charbel Kadib • 5 Nov 2019

The Reserve Bank has announced its cash rate decision for the month of November.

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Andrew Hadley and Michael Ribbens

Bank merger officially comes into effect
by Annie Kane • 5 Nov 2019
Two member-owned institutions have officially merged after receiving regulatory approval, creating one of the largest... READ MORE
Westpac

‘Clunky’ HEM tool slashed broker volumes: Westpac
by Charbel Kadib • 5 Nov 2019
The major bank has conceded that the introduction of an unpopular expense verification tool contributed to a sharp... READ MORE

Consultation opens for new Business Growth Fund
by Hannah Dowling • 5 Nov 2019
The federal government has launched a consultation on the draft legislation for the new Australian Business Growth... READ MORE
AFCA

AFCA appoints COO
by Hannah Dowling • 5 Nov 2019
The complaints body has announced the appointment of its new chief operating officer, effective 2... READ MORE
NAB CBA ANZ Westpac

CBA stands firm as peers slip in mortgage market

by Charbel Kadib • 4 Nov 2019
Three of the big four banks have reported contractions in their mortgage books over the September quarter, according to... READ MORE
Prospa

Brokers urged to help SMEs prepare for Christmas pinch
by Hannah Dowling • 4 Nov 2019
Two-thirds of small business owners feel stressed during the holiday period, largely due to cash flow problems, which... READ MORE
AFCA

AFCA awards $185m in compensation
by Hannah Dowling • 4 Nov 2019
The complaints body has awarded $185 million in compensation to consumers in its first 12 months of operation, with... READ MORE
NAB

NAB announces home loan fee waiver
by Malavika Santhebennur • 4 Nov 2019
A major bank has issued an update about fee removals and waivers across some of its home loan products for new... READ MORE
Battle for clawback reform

Battle for clawback reform ‘not over yet’
by Charbel Kadib • 1 Nov 2019
The broking industry is determined to push through changes to clawback arrangements, after successfully negotiating... READ MORE
SME loans platform

Non-bank lender launches SME loans platform
by Malavika Santhebennur • 1 Nov 2019

An SME lending platform has launched a tool to help finance brokers better source loans for small businesses.

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Virgin Money

Virgin Money slices fixed rates by up to 20 bps
by Malavika Santhebennur • 1 Nov 2019
Another non-major lender has announced mortgage rate reductions, following several others repricing their mortgage... READ MORE
Supply chain

Debate wages over misuse of supply chain financing
by Hannah Dowling • 1 Nov 2019
In light of ongoing scrutiny over the misuse of supply chain financing to the detriment of small businesses, the... READ MORE

ANZ CEO weighs in on broker rem reforms
by Charbel Kadib • 31 Oct 2019
The chief executive of the big four bank has responded to calls for the standardisation of broker remuneration policies... READ MORE
Green light

Aggregators welcome net of offset reforms, slam critics
by Charbel Kadib • 31 Oct 2019
Broking industry groups have welcomed the federal government’s decision to extend the net of offset repayment period... READ MORE
Kate Carnell AO

ASBFEO launches review of supply chain finance
by Hannah Dowling • 31 Oct 2019
The ASBFEO has announced a review of supply chain finance to uncover its impact on SME and family enterprise cash flow... READ MORE
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‘Fast fintechs’ no substitute for bespoke support, say brokers
by Hannah Dowling • 31 Oct 2019
New research into broker sentiment towards “fast fintech” lenders has shown that brokers believe new online players... READ MORE
Peter White and Mike Felton

Net of offset changes to help clean up ‘dog’s breakfast’
by Charbel Kadib • 30 Oct 2019
Industry associations have welcomed the federal government’s decision to extend the net of offset repayment period... READ MORE
Loan Market

Loan Market welcomes new lender
by Hannah Dowling • 30 Oct 2019
The broking franchise group has welcomed a specialist lender to its panel, in order to allow its brokers to service... READ MORE

Lender farewells head of sales, appoints CCO
by Charbel Kadib • 29 Oct 2019
 A lender has announced the departure of its head of sales and the appointment of Macquarie’s former co-head of... READ MORE

Government agrees to 365-day net offset payment
by Annie Kane • 29 Oct 2019
The government will move to a 365-day cap when determining the maximum drawdown amount for commissions, instead of the... READ MORE
Prime Minister Scott Morrison

Government sets price caps for FHB scheme

by Charbel Kadib • 29 Oct 2019
The federal government has released new details regarding the administration of its First Home Loan Deposit... READ MORE
ACCC

ACCC seeks public consultation on AFG, Connective merger
by Charbel Kadib • 29 Oct 2019
The competition watchdog is reviewing the proposed merger between AFG and Connective, with stakeholders invited to... READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
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